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Topic: If you were in desperate need for money.... - page 103. (Read 209030 times)

hero member
Activity: 658
Merit: 505
September 29, 2016, 11:47:05 AM
If I was in need of money without savings first I would address my close friends and family for help. Also I would try to get another source of income to improve my financial status.
hero member
Activity: 1148
Merit: 504
September 29, 2016, 11:43:12 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.
i think i would also only borrow the money because it would be the best and easiest way to come back to good life

Exactly, if we borrow money we should also consider paying it because it is not only once that we will be in desperate need of money, it might happen again so if we protect our reputation by paying loans on time, surely the lender can give us another loan.

Do not get used in getting loans or getting desperately in need of money. We should do our best to have enough income so we can save and invest. This two are the only things that can help us to not get in any financial trouble.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
September 29, 2016, 07:18:03 AM
That is why emergency funds shouldn't be taken for granted and not be considered as optional. We should be able to build an emergency fund that is equivalent to 3 to 6 months of what we spend. Better if we can make it bigger so that when the time comes that we are in dire need of money, there is some emergency fund on standby. And even if it is not enough, that should serve as a first aid.
the thing is sometimes if you have an emergency fund and you faceing just a "little" problem then you will took the funds and not going to try hard to resolve it without using the funds that makes when another problem coming up you're out of emergency funds
hero member
Activity: 714
Merit: 500
September 29, 2016, 06:51:24 AM
That is why emergency funds shouldn't be taken for granted and not be considered as optional. We should be able to build an emergency fund that is equivalent to 3 to 6 months of what we spend. Better if we can make it bigger so that when the time comes that we are in dire need of money, there is some emergency fund on standby. And even if it is not enough, that should serve as a first aid.
hero member
Activity: 994
Merit: 544
September 29, 2016, 04:40:58 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.
i think i would also only borrow the money because it would be the best and easiest way to come back to good life


I think I will also borrow if ever I urgently needed a money.  But I do not want to be in that situation.  This is an eye opener for me.  I think I have to start saving every penny I could have since there is no way I could have someone to borrow money from.  There is no way I could afford to borrow money so I have to pay attention to my spending habit badly.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
September 29, 2016, 02:25:52 AM
Always try family first, because in the general they might help you on those bad moment, besides that its hard to say invest into bitcoin or altcoin and wait, if you need money now you can do such thing, and worse is ask bank, as they will lend you and will reach a point where you cant pay more them.

That might be good, aside from that, I think they could refer you to someone who could let you borrow money, and they could serve as a guarantor when you borrow, it could make your finding of emergency money faster...  I doubt it that asking a bank is worst, they are just doing what was right and  besides, there are terms  each time you ask a loan in a bank, if you agree in it, then you have no choice...  Smiley
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
September 29, 2016, 02:11:00 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.
i think i would also only borrow the money because it would be the best and easiest way to come back to good life

Exactly, if we borrow money we should also consider paying it because it is not only once that we will be in desperate need of money, it might happen again so if we protect our reputation by paying loans on time, surely the lender can give us another loan.
hero member
Activity: 770
Merit: 500
September 28, 2016, 07:58:19 PM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.
i think i would also only borrow the money because it would be the best and easiest way to come back to good life
hero member
Activity: 756
Merit: 501
September 28, 2016, 02:53:32 PM
Always try family first, because in the general they might help you on those bad moment, besides that its hard to say invest into bitcoin or altcoin and wait, if you need money now you can do such thing, and worse is ask bank, as they will lend you and will reach a point where you cant pay more them.
legendary
Activity: 1638
Merit: 1046
September 28, 2016, 02:43:57 PM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Yeah that is right.  If you really need the money right away there is no better option than to borrow money to your friends.  And make sure to keep on your promise to pay them at the given date you promised them.  In that way there is an assurance that you have a good record to him and would lend you money again if you need it again.  But I agree with you that it is better to prevent it.  I would continue to work hard and would not buy things that I do not really need.

Do not just work hard, work smart too. Working smart means putting your money to work. While you are working hard, save some of your money and when it is large enough, start investing. If you have a right investment, you will be earning a passive income. This will make sure that you will have income even if you do not have work. MOre investments you have the better. THen there will come a time that you will not lend money from anyone anymore.

That is a good advice. I found that the HaoBTC.com offers some interest for saving the bitcoin in their site.
It is very tempting forecasts, but are very large risks inherent in investments bitcoin. Cryptocurrency not very stable, even predict its rapid growth and popularity in the future.
Its risky that if you invest it there because its investment and never heard that site.. it can be risk your bitcoins. and i think they title of this thread is talking about if you are desperate need for money.
For me investment is not a good way if you really need money.. you should need your family about your problem or do a onetime offer for your skills here that you can do in one day and earn a good amount fast.
sr. member
Activity: 274
Merit: 250
September 28, 2016, 02:33:24 PM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Yeah that is right.  If you really need the money right away there is no better option than to borrow money to your friends.  And make sure to keep on your promise to pay them at the given date you promised them.  In that way there is an assurance that you have a good record to him and would lend you money again if you need it again.  But I agree with you that it is better to prevent it.  I would continue to work hard and would not buy things that I do not really need.

Do not just work hard, work smart too. Working smart means putting your money to work. While you are working hard, save some of your money and when it is large enough, start investing. If you have a right investment, you will be earning a passive income. This will make sure that you will have income even if you do not have work. MOre investments you have the better. THen there will come a time that you will not lend money from anyone anymore.

That is a good advice. I found that the HaoBTC.com offers some interest for saving the bitcoin in their site.
It is very tempting forecasts, but are very large risks inherent in investments bitcoin. Cryptocurrency not very stable, even predict its rapid growth and popularity in the future.
sr. member
Activity: 658
Merit: 250
September 28, 2016, 01:07:58 PM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Yeah that is right.  If you really need the money right away there is no better option than to borrow money to your friends.  And make sure to keep on your promise to pay them at the given date you promised them.  In that way there is an assurance that you have a good record to him and would lend you money again if you need it again.  But I agree with you that it is better to prevent it.  I would continue to work hard and would not buy things that I do not really need.

Do not just work hard, work smart too. Working smart means putting your money to work. While you are working hard, save some of your money and when it is large enough, start investing. If you have a right investment, you will be earning a passive income. This will make sure that you will have income even if you do not have work. MOre investments you have the better. THen there will come a time that you will not lend money from anyone anymore.

That is a good advice. I found that the HaoBTC.com offers some interest for saving the bitcoin in their site.
hero member
Activity: 1148
Merit: 504
September 28, 2016, 11:07:47 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Yeah that is right.  If you really need the money right away there is no better option than to borrow money to your friends.  And make sure to keep on your promise to pay them at the given date you promised them.  In that way there is an assurance that you have a good record to him and would lend you money again if you need it again.  But I agree with you that it is better to prevent it.  I would continue to work hard and would not buy things that I do not really need.

Do not just work hard, work smart too. Working smart means putting your money to work. While you are working hard, save some of your money and when it is large enough, start investing. If you have a right investment, you will be earning a passive income. This will make sure that you will have income even if you do not have work. MOre investments you have the better. THen there will come a time that you will not lend money from anyone anymore.
copper member
Activity: 1722
Merit: 1004
PredX - AI-Powered Prediction Market
September 28, 2016, 10:04:41 AM
I would consider selling things that I don't need, or that are not very important for me in my daily life. Then I would use part of the earned money to invest in something with potential to give me profit.
Yes its a wise idea than to borrow money to someone with interest. i would also sell the things that is not really important, but to prevent that scenario its better to start saving so you will have money to spend incase you badly need it.

I think if we can generate the habit of saving on regular basis then we will never face such tough situation when we need to spend some things or borrow it from people around us.
well yeah, i think saving is always a good decision to make right now, and you would never need money


Yup savings actually works and help you when you are in need of money, if you save your money by your earnings whether it is daily or monthly, save some amount from that for your future. If you are saving money then you have no worries when you need some money for your expenses.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
September 28, 2016, 07:35:18 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Borrowing mostly increases your stress level as you will always be thinking about how to pay the debt back after you have borrowed an amount from someone, so for being safe from this stress someone should always have some savings from his salary which he can use when he is in desperate need of money, that would be way better than borrowing from someone.
What if you have no option anymore, remember that what we are talking here is when we are desperate need to money. What if it is between a life a death situation, if we are in the situation we will not think of the consequences anymore as our goal is only to look for money regardless on how we get it.

True,  we cant  really say because  there are some situation that seems theres  no other choice but to borrow  money from others as you said especially  between life and death situation infact you would   mind already the  terms  of such  loan as  long  you are borrowing for a  valid purpose.
sr. member
Activity: 336
Merit: 250
September 28, 2016, 05:06:23 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Yeah that is right.  If you really need the money right away there is no better option than to borrow money to your friends.  And make sure to keep on your promise to pay them at the given date you promised them.  In that way there is an assurance that you have a good record to him and would lend you money again if you need it again.  But I agree with you that it is better to prevent it.  I would continue to work hard and would not buy things that I do not really need.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
September 28, 2016, 04:55:30 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Borrowing mostly increases your stress level as you will always be thinking about how to pay the debt back after you have borrowed an amount from someone, so for being safe from this stress someone should always have some savings from his salary which he can use when he is in desperate need of money, that would be way better than borrowing from someone.
What if you have no option anymore, remember that what we are talking here is when we are desperate need to money. What if it is between a life a death situation, if we are in the situation we will not think of the consequences anymore as our goal is only to look for money regardless on how we get it.
sr. member
Activity: 672
Merit: 250
September 28, 2016, 04:10:54 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.

Borrowing mostly increases your stress level as you will always be thinking about how to pay the debt back after you have borrowed an amount from someone, so for being safe from this stress someone should always have some savings from his salary which he can use when he is in desperate need of money, that would be way better than borrowing from someone.
hero member
Activity: 1148
Merit: 504
September 28, 2016, 04:05:32 AM
I would consider selling things that I don't need, or that are not very important for me in my daily life. Then I would use part of the earned money to invest in something with potential to give me profit.
Yes its a wise idea than to borrow money to someone with interest. i would also sell the things that is not really important, but to prevent that scenario its better to start saving so you will have money to spend incase you badly need it.

I think if we can generate the habit of saving on regular basis then we will never face such tough situation when we need to spend some things or borrow it from people around us.
well yeah, i think saving is always a good decision to make right now, and you would never need money

That is what I am doing when I am really so desperate in need what I am going to do is go to the nearest bank and going to withdraw my savings.

And good thing that I've been saving since 2013 and it really helped me a lot when I need money for emergency even though my bank account is just containing of small amount.

But that small amount is helping me in times of need.
That is why people need an emergency fund which is equal to your 6 months worth of salary in which that let you make have time for emergency purposes such as being fired in your work, or an accident occurred. Also selling unnecessary stuff is not your only option what if your things that your are selling ran out? Preparing for the worst might be your only option.



That is actually the first thing you should have before you even think of anything financially wise. You need to have an emergency fund before you can venture into business or investments. And it can save you even if you are not planning to have a business yet.
sr. member
Activity: 420
Merit: 250
September 28, 2016, 03:31:03 AM
If i were in desperate need for money then I'd borrow. I mean if there is no other way and i really NEED it so if it's crucial then ill borrow.
But ofcourse I don't allow this to happen or I try to prevent it as much as is in my power.
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